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Appian's Revenue Jumps and Losses Narrow; Management Boosts Guidance


Appian's Revenue Jumps and Losses Narrow; Management Boosts Guidance

Appian (NASDAQ: APPN), a software and services company that helps other businesses create custom low-code applications, reported its third-quarter results on Thursday, Nov. 2. Demand for the company's software products and services allowed revenue to grow at a very healthy pace. In turn, the company's bottom line inched closer to breakeven even though management continues to invest heavily in its sales and marketing teams.

Let's take a closer look at the company's results to get a better idea of what the future may hold for this business.

Image source: Getty Images.

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Source: Fool.com

Appian Stock

€25.63
2.840%
Appian gained 2.840% today.
Our community is currently high on Appian with 10 Buy predictions and 3 Sell predictions.
With a target price of 46 € there is a hugely positive potential of 79.48% for Appian compared to the current price of 25.63 €.
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